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PharmAthene, Inc. Message Board

  • homebuilder_watcher homebuilder_watcher Mar 11, 2013 10:12 PM Flag

    When will PIP get paid?

    If you missed my post, Wedbush had an interesting note today. In short, could take PIP many years to get any cash from SIGA regardless of how the DE Supreme Court rules because of how the lower court ruling was crafted. In other words, the 50% is based on SIGA's GAAP profits and because of how GAAP accounting works with their contract with the government, it could be years before SIGA has any GAAP profits although they are getting the cash from the government

1.68+0.06(+3.70%)Feb 27 4:02 PMEST

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